stark group
  • People
  • Start-ups
    • My-insurer
    • DBS-motor insurance
    • Insurance Market
    • Insurance Republic
    • Wellnex
    • Insure chat
    • T-me
    • No-deposit
  • News
  • Publications

After a record Q1'16 for insurance tech deal activity, Q2'16 saw deals drop 41%.

7/24/2016

 
Picture
Deal activity in the insurance tech space fell in Q2’16 after a record quarter for deal pace in Q1’16, according to CB Insights data.
More specifically, Q2’16 saw deals drop 41% from Q1’16′s high, while funding levels also fell 69% on a quarterly basis.

In total, funding to insurance tech startups topped $1B in the first half of 2016. The deal volume of 80+ deals in the first two quarters combined puts the year on pace to top 2015′s total by over 42%
Source: cbinsights


Nearly half of all deals at seed-stage in first half of 201647% of insurance tech deal activity took place at the seed/angel stage in H1’16, Series A deals, which included rounds to Insurance Zebra, Shift Technology, Embroker, and League among others, took 15% of all deals in the six-month period, while mid-stage deals (Series B-C) made up a combined 16% of deals.
Interestingly, 9% of deals in the first half of 2016 went to corporate minority rounds including Allianz’s investment in product insurance startup Simplesurance and Intact Financial’s investment in per-mile insurance provider Metromile.

Picture
US continues to dominate insurance tech deal activity63% of deal activity to the insurance tech market went to US-based startups in the first half of 2016. Germany, India and the UK each took 5%+ of deal share over the period, with no other country registering more than 3% of deal share.
Within the US only, New York, and California each saw the same amount of deals in H1’16 and three times more than any other state.
Picture

Comments are closed.
    Picture

    Author

    Matthias de Ferrieres has more than 15 years experience in the insurance industry in Asia.
    In late 2014, Matthias established Stark Group Private Limited to pioneer the digital transformation of the insurance industry. 

    Archives

    January 2020
    October 2019
    February 2019
    November 2018
    July 2018
    February 2018
    November 2017
    October 2017
    September 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    September 2015

    Categories

    All
    Article
    Document
    Video

Picture
Copyright © 2014 Stark Group Pte. Ltd. No. 201433305Z - All rights reserved.
#34 - 8 Shenton Way - AXA Tower - Singapore 048616
Disrupting the insurance industry - Creative digitalisation & innovative distribution 
Picture
  • People
  • Start-ups
    • My-insurer
    • DBS-motor insurance
    • Insurance Market
    • Insurance Republic
    • Wellnex
    • Insure chat
    • T-me
    • No-deposit
  • News
  • Publications